Russian Ministry of Defense: About 40 ships and more than 3,500 soldiers participated in the exercise.

The UK 2-year government bond yield opened 6 basis points higher than the previous day, reaching 4.419%, the highest since May 31.

Russian Ministry of Defense: The exercise will continue until June 15.

Consumer prices in Turkey rose by 39.59% year-on-year in May, compared to an estimated 39.20%.

Gazprom: will continue to deliver gas to Europe via Ukraine, with a volume of 40.3 million cubic meters on Monday.

European Mediterranean Seismological Center: A 5.8-magnitude earthquake hit the Bareny Islands area.

The financial website Forexlive commented on the Swiss CPI data in May: The good news is that both headline and core annual inflation rates fell last month, which is in line with the trend we have seen in the euro area. However, consumer price inflation rose 0.3% month-on-month. Considering the overall situation, the SNB will still tighten monetary policy further later this month.

IATA: More than doubles 2023 airline industry profit forecast to $9.8 billion. (Previously estimated at $4.7 billion)

At one point, the gap between Italian and German 10-year bond yields narrowed to 160 basis points, the smallest since April 2022.

Morgan Stanley expects the ECB to cut rates for the first time in the second quarter of 2024 and reach a neutral rate of 2% in the first quarter of 2025.

In premarket trading on the Swiss stock exchange, Credit Suisse rose more than 1 percent after UBS announced the completion date of the acquisition.

The Ukrainian ground forces commander said Ukrainian troops continued to "advance" near Bakhmut, without mentioning the Ukrainian counteroffensive.

Indonesian Finance Minister: Indonesian government keeps 2024 GDP target unchanged, despite risks.

Credit Suisse expects that UBS will complete the acquisition of the bank as early as June 12, 2023, and the shares of Credit Suisse Group will be delisted accordingly.

UBS: UBS Group will assume all the assets and liabilities of Credit Suisse Group.

UBS: Credit Suisse shareholders will exchange 22.48 Credit Suisse shares for 1 UBS share.